Mathematics, 01.03.2021 01:20 darkmayem

As part of your retirement plan, you want to set up an annuity in which a regular payment of $80,121 is made at the end of each year. You need to determine how much money must be deposited earning 10% compounded annually in order to make the annuity payment for 20 years. Round your answer to the nearest cent.

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As part of your retirement plan, you want to set up an annuity in which a regular payment of $80,121...